BelOil does not extend contract with Lithuania’s LTG Cargo on oil products transportation via Klaipeda
<p> MINSK, Jan 11 - PrimePress. Belarusian Oil Company CJSC (BelOil, special exporter of Belarusian oil products) did not extend the long-term contract with Lithuanian LTG Cargo railway company, part of Lithuanian Railways, on the transportation of oil products via the Klaipeda port, LTG Cargo reports. </p> <p> </p> <p> The three-year contract expired December 31, 2020. Since January 2021, Belarusian goods are being transported by Lithuanian railways without obligations to only meet the needs of the needs of BelOil. </p> <p> </p> <p> LTG Cargo and BelOil agreed on the volume of cargo transportation to the port of Klaipeda in January 2021. According to preliminary data, 60,000 to 70,000 tonnes of heavy petroleum products will be transported. </p> <p> </p> <p> LTG Cargo transported 2 million tonnes of oil and oil products in 2020 (3.7% of LTG Cargo’s total annual cargo volume). </p> <p> </p> <p> As previously reported, BNK (UK) Limited, a subsidiary of BelOil, suspended the export of oil products via Klaipeda (Lithuania) under new contracts in mid-December 2020. Klaipėdos nafta said that all contracts with BelOil remained in force, but the fulfillment of contractual obligations was suspended indefinitely. </p> <p> </p> <p> As previously reported, President of Belarus Alexander Lukashenko said in late August 2020 that cargo flows might be redirected from the ports of the Baltic States to Russian ports. This is due to the sanctions imposed by Lithuania, Latvia and Estonia on Lukashenko and other Belarusian officials. </p> <p> </p> <p> The Belarusian Oil Company CJSC was established in May 2007. Belorusneft owns a 52% stake in the company, Naftan OJSC and Mozyr Oil Refinery OJSC own 24% each. BelOil exports oil products produced by its shareholders, purchases and refines oil at Belarusian refineries. The company has subsidiaries in Poland, Latvia, the UK, Russia and Ukraine. End </p>
2021-01-12
Primepress
BelOil does not extend contract with Lithuania’s LTG Cargo on oil products transportation via Klaipeda
MINSK, Jan 11 - PrimePress. Belarusian Oil Company CJSC (BelOil, special exporter of Belarusian oil products) did not extend the long-term contract with Lithuanian LTG Cargo railway company, part of Lithuanian Railways, on the transportation of oil products via the Klaipeda port, LTG Cargo reports.
The three-year contract expired December 31, 2020. Since January 2021, Belarusian goods are being transported by Lithuanian railways without obligations to only meet the needs of the needs of BelOil.
LTG Cargo and BelOil agreed on the volume of cargo transportation to the port of Klaipeda in January 2021. According to preliminary data, 60,000 to 70,000 tonnes of heavy petroleum products will be transported.
LTG Cargo transported 2 million tonnes of oil and oil products in 2020 (3.7% of LTG Cargo’s total annual cargo volume).
As previously reported, BNK (UK) Limited, a subsidiary of BelOil, suspended the export of oil products via Klaipeda (Lithuania) under new contracts in mid-December 2020. Klaipėdos nafta said that all contracts with BelOil remained in force, but the fulfillment of contractual obligations was suspended indefinitely.
As previously reported, President of Belarus Alexander Lukashenko said in late August 2020 that cargo flows might be redirected from the ports of the Baltic States to Russian ports. This is due to the sanctions imposed by Lithuania, Latvia and Estonia on Lukashenko and other Belarusian officials.
The Belarusian Oil Company CJSC was established in May 2007. Belorusneft owns a 52% stake in the company, Naftan OJSC and Mozyr Oil Refinery OJSC own 24% each. BelOil exports oil products produced by its shareholders, purchases and refines oil at Belarusian refineries. The company has subsidiaries in Poland, Latvia, the UK, Russia and Ukraine. End